In recent years, Taiwan has witnessed a significant surge in the adoption and influence of e-commerce. As technology continues to reshape consumer behavior and business models worldwide, Taiwan stands at the forefront of this digital transformation. From bustling urban centers to remote rural areas, the convenience and accessibility of online shopping have permeated every corner of Taiwanese society. This article serves as an informative piece looking into the evolving landscape of e-commerce in Taiwan, exploring the key drivers behind its growth, the advantages it presents, and the opport ..read more

To avoid double taxation and prevent tax evasion, Taiwan has signed tax treaties with multiple countries. If a profitable enterprise from a contracting country has business profits in Taiwan and is eligible for income tax reduction or exemption according to the tax treaty, it could prepare relevant documents and apply to the tax authority under the jurisdiction of the payer for approval of the reduction or exemption of income tax. For profitable enterprises from countries without tax treaties, if they receive similar service fees, the payer should withhold tax at the applicable rate of 20 ..read more

Are you considering starting a business in Taiwan? One of the initial steps you’ll need to take is registering your company name. This comprehensive guide will walk you through everything you need to know about registering a company name in Taiwan, from the importance of pre-checks to navigating company name regulations. Whether you’re a foreign investor or a local entrepreneur, understanding the process and regulations surrounding company name registration is crucial for a smooth and successful business setup. Book Your Free Incorporation Advisory Now! Why Apply for a Company Name Pre-C ..read more

Introduction In international taxation, the concept of Permanent Establishment (PE) holds significant importance on avoiding double taxation. A PE refers to a fixed place of business through which a foreign enterprise carries out its business activities in a jurisdiction, thereby subjecting it to taxation in that jurisdiction. Understanding PE criteria is essential for multinational enterprises (MNEs) operating in Taiwan to ensure compliance with tax regulations and mitigate potential risks. Book Your Free Taxation Advisory Now! Definition of Permanent Establishment in Taiwan A Permanent ..read more

Income Tax Treaty between Taiwan and South Korea Affective in 2024 The Taiwan-Korea Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion, effective January 1, 2024, marks the 35th comprehensive Income Tax Agreement for Taiwan. This agreement, signed on November 17, 2021, facilitates a reduced withholding tax rate to 10% for dividends, interest, and royalties, offering tax exemption for specific business profits and independent personal services. With 29 articles, it provides a robust framework for tax reduction, administrative cooperation, and dispute resolut ..read more

In the dynamic corporate landscape of Taiwan, the inclusion of independent directorship in 2005 marked a significant turning point. This practice, influenced by global standards and legislation, aims to enhance board oversight and accountability. Let’s delve into the nuances of independent directors, exploring their necessity, qualifications, and the unique absence of “External Directors” in Taiwan. Book Your Free Incorporation Advisory Now! I. Independent Directors: Necessity and Qualifications (1) Necessity: While not universally mandated, regulatory authorities require independent dir ..read more

Embarking on the establishment of a company and navigating the realm of business operations in Taiwan might understandably stir up uncertainties for those venturing into entrepreneurship for the first time. However, armed with the right knowledge and a supportive network, these uncertainties need not be cause for undue concern. In the following article, we have assembled a collection of ten essential insights that lie at the heart of initiating a business venture. A solid foundation sets the stage for a promising journey ahead. So, without delay, let us jump right into these key points.&nb ..read more

When establishing or operating a business in Taiwan as an expatriate, there are numerous legal and financial aspects to consider. One crucial requirement that companies should adhere to is the preparation and submission of audit reports. This guide will discuss the critical elements of audit requirements for Taiwan companies and provide expatriates with a comprehensive understanding of their responsibilities and obligations. The Importance of CPA Audit Reports Audit reports are critical in maintaining transparency, ensuring financial accountability, and building investor confidence in a co ..read more

Taiwan is a great place to start a business. There are favorable laws and infrastructure in this region to support business growth. Before embarking on entrepreneurship in Taiwan, foreign investors need to decide the type of business entity to setting up a company. There are several types of companies in Taiwan to choose from, and the final choice will determine what to expect in the future. Are you confused about which enterprise to choose? You’re in luck. This piece will discuss how to choose the type of business entity in Taiwan.  What are the Types of Business Entities in Taiwan ..read more

Taiwan is famous as a hub for different establishments and enterprises. That’s why you’ll find several representative offices in the region. But what is the meaning of a Taiwan representative office? And how is it created? Keep reading to learn more. This piece will reveal crucial details about this organization, including how to set up representative office in Taiwan.  Overview of a Representative Office in Taiwan A representative office in Taiwan is a non-profit entity established by a foreign company to conduct specific activities on behalf of its parent company. It serves as a lia ..read more